Proliferation in Student Debt Driven
By Weakest Borrowers, Fed Finds

Feb. 18, 2014 4:26 p.m. ET

The nation's sharp rise in student debt is being driven largely by Americans with poor credit.

Overall student debt rose 12% to $1.08 trillion in 2013, the Federal Reserve Bank of New York said in a report released Tuesday. Student debt is the second-largest form of household credit, after mortgages.